Market Share of Binance’s Spot Trading Plunges 40%
In 2023, Binance, a popular crypto exchange, has experienced a decrease in its market share for spot trading, dropping from 62% to 40%.
Ava Labs Fires 12% of its Workforce to Reallocate Resources
The team behind the Avalanche blockchain, Ava Labs, has recently announced that it has laid off 12% of its employees in order to better allocate its resources.
Cathie Wood: Bitcoin is a Defensive Asset
According to Bloomberg, during a podcast with Merryn Somerset Webb, ARK Invest CEO Cathie Wood stated that she would choose Bitcoin as a defensive asset without hesitation.
Block Reports $2.42B Gains on Bitcoin Sales in Q3
In the second quarter of 2023, Block reported a revenue of $2.42 billion from the sale of bitcoins through its Cash App application, with a gross profit of $45 million.
Report: Asset Managers Are Showing Increasing Interest in ETH
According to a survey conducted by CoinShares, Ethereum is currently viewed as having the most promising growth potential out of all major cryptocurrencies.
ProShares Launches Short Ether Futures ETF
ProShares, a leading asset management company, has launched a new ETF called the ProShares Short Ether Strategy ETF (SETH).
